War has a price, but it also has a profit for U.S. politicians Markwayne Mullin, Kevin Hern, Bill Keating, and Josh Gottheimer.As the Israel-Hamas conflict intensifies, defense stocks trade higher. Since the October 7 attack, shares of Boeing Co, Lockheed Martin, Northrop Grumman, and Raytheon Technologies have all increased in value, collectively adding roughly $23 billion in market capitalization.
Given the uptrend in defense stocks post-October 7, the value of their assets has grown, ensuring that politicians' portfolios have appreciated in value, though the precise profit margins are unknown until they exit their positions.For comparison, the broad market S&P 500, which tracks the stock performance of the 500 largest companies in the U.S., is down 0.25 percent since October 7.
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